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China Evergrande shares rise, as it faces bond interest payment - Metro US

China Evergrande shares rise, as it faces bond interest payment

Headquarters of China Evergrande Group in Shenzhen

HONG KONG (Reuters) – Shares of embattled China Evergrande rose around 2% on Wednesday ahead of a deadline for an interest payment to offshore bondholders that gives the property developer its next test in public markets.

Evergrande missed a bond interest payment last week and has another coupon payment of $47.5 million due on Wednesday.

Shares of the company rose in early trade to HK$2.71.

(Reporting By Anne Marie Roantree; Editing by Muralikumar Anantharaman)

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